indie Semiconductor (NASDAQ:INDI) Shares Up 11.7% - Time to Buy?

Key Points

• indie Semiconductor's shares surged by 11.7% in mid-day trading, reaching a high of $4.69 before closing at $4.63, despite lower trading volume compared to average sessions.
• Wall Street analysts show mixed sentiments, with five rating the stock as a Buy and one as a Hold, while Weiss Ratings reiterated a Sell rating.
• Insider trading activity includes significant share sales by both the COO and CEO recently, with a total of 497,936 shares sold in the last 90 days.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report)'s share price traded up 11.7% during mid-day trading on Monday . The company traded as high as $4.69 and last traded at $4.63. 1,526,169 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,977,133 shares. The stock had previously closed at $4.15.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INDI. Wall Street Zen upgraded shares of indie Semiconductor from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Finally, Benchmark reiterated a "buy" rating and issued a $8.00 price target (up from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5.90.

indie Semiconductor Stock Performance

The company has a quick ratio of 3.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $4.19 and a two-hundred day moving average of $3.34. The company has a market capitalization of $995.46 million, a PE ratio of -5.48 and a beta of 2.33.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The firm had revenue of $51.63 million for the quarter, compared to the consensus estimate of $51.40 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. Research analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Insider Activity at indie Semiconductor

In related news, COO Michael Wittmann sold 59,375 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $4.29, for a total value of $254,718.75. Following the completion of the transaction, the chief operating officer owned 94,005 shares of the company's stock, valued at approximately $403,281.45. This represents a 38.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Donald Mcclymont sold 188,700 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $4.01, for a total value of $756,687.00. Following the completion of the sale, the chief executive officer directly owned 135,602 shares in the company, valued at approximately $543,764.02. The trade was a 58.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 497,936 shares of company stock worth $2,005,331 in the last 90 days. Corporate insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On indie Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its holdings in indie Semiconductor by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company's stock valued at $34,000 after purchasing an additional 7,536 shares in the last quarter. Ethic Inc. purchased a new position in indie Semiconductor in the 2nd quarter valued at about $36,000. Evergreen Capital Management LLC purchased a new stake in indie Semiconductor during the 2nd quarter worth approximately $37,000. Jump Financial LLC purchased a new stake in indie Semiconductor during the 2nd quarter worth approximately $39,000. Finally, Signaturefd LLC raised its holdings in shares of indie Semiconductor by 145.7% during the second quarter. Signaturefd LLC now owns 11,457 shares of the company's stock valued at $41,000 after acquiring an additional 6,794 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

About indie Semiconductor

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.

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